Why would someone choose to live in a 3rd world country to avoid taxes, leaving friends, family and culture behind? Sometimes I think people can't see the forest through the trees.
Because the so-called "3rd world" countries are sometimes better places to live in. You clearly are the type who wants to be close to home, nothing wrong with that, however not everyone is the same. I made the move this year and thus far aren't regretting it. There's a downside and upside to being away but for me, there is definitely more upside.
Agree, not everyone is the same. Congrats if you made a painless transition. You must be young, because it is difficult to leave long established relationships behind, pull your kids away from their friends and schools all to save a few dollars. You can place a value on money, you can't place a value on relationships. Bottom line, I love the United States, warts and all.
Nobody, from reading your posts I see you have developed a thorough understanding of international tax matters. "Correct, when I stumbled into this problem I stopped my application and took another (even more favorable and cheaper) solution. I left Belgium. I was happy they did not give me a licence. If you manage less than 100 million euro you can qualify for registration instead of licencing, which is more easy." "I had the same problem in Europe and had to move to the country where i had my company for fiscal reasons. If not i risked to be taxed very heavily with additional fines on top of that. In some European countries these fines reach75% of the non declared profit." So where did you move to, whats your solution? Thanks
Which third world country did you move to? 3rd world countries may be cheaper but never better major difference is the rule of law.
Well, the benefit of the rule of law is arguable Having said that, I find it harder and harder with the years to leave Europe (I enjoy life in many countries there). Kids are in no rush to go back though, to say the least.
Actually Sweden is scandinavian but looks very much like a tax haven if one live off their capital rather than labour: no wealth tax, no gift tax, no estate tax , and very low tax for non active traders (not so sure it's Worth for active traders to pay the extra commission for local brokers and qualify for the investments scheme or whatever the name). A poster here mentionned the corporate tax goig down to 16% for 2014 as well I think. Great capital city, snowmobile in winter and some guys jet skis downtown in summer ! Boats every where, gorgeous villas ( not particulary cheap though)